Menu5/16/18: Today’s world of supply chain risk is transformed. Thanks to the rise of internet technology and “the cloud,” companies now source services in their supply chains, as well as goods. That means more companies now have more suppliers, fulfilling a wider assortment of needs — each one, a potential source of risk.
What’s more, the nature of that risk has expanded. Regulators now hold businesses to a higher standard of accountability for misconduct in their supply chain. How are companies managing this increased risk and how can compliance programs move from piecemeal efforts at due diligence to a more disciplined and effective program that tames overall third-party risk? A whitepaper by our parent company, Steele Compliance Solutions, provides great insight into the modern Supply Chain Risk landscape.
